EPFO Latest News: PF account (Provident fund) is also a good option for saving with good interest for the working people.
EPFO Latest News: PF account (Provident fund) is also a good option for saving with good interest for the working people. The government has also given people a chance to withdraw the money deposited in PF during the Corona epidemic. If you also want to claim your PF then 5 mistakes have to be avoided. If not taken care of then your PF withdrawal claim may get rejected.
Incorrect bank account details
The PF claim money will be credited in the same account, which will be recorded in the records of EPFO. Therefore, while making a claim, fill the account details carefully. If you enter wrong account number or any other account number then your application will be rejected.
Account linked with UAN
The account number should be synced with the UAN (Universal Account Number). If your account is not synced then there may be trouble in getting money. Apart from this, the IFSC number entered in the records of EPFO should also be correct.
KYC is not complete
Even if the KYC of any account holder is not completed, your application can be canceled. Your KYC details must be verified as well. You can check whether the KYC is complete and verified or not, by logging into your member e-service account.
Wrong Date Of Birth
Your application can be canceled even if the date of birth recorded in EPFO and the date of birth recorded in the employer’s record is different. Recently, the EPFO had issued a circular on April 3, in which it relaxed the rules for correcting the date of birth recorded in the records of EPFO and linking UAN with Aadhaar. Now you can correct the date of birth for 3 years.
Must have UAN-Aadhaar link
It is also necessary to link UAN with Aadhaar. If your UAN-Aadhaar is not linked then your EPF withdrawal claim may get rejected. There are four ways to link UAN or EPF account with Aadhaar. You can also link it sitting at home.
If conditions are not met
If you are claiming for withdrawal due to financial emergency, then it is most important to fulfill three conditions. If any account holder does not fulfill these three conditions. Then his application will be cancelled. First- UAN must be activated, second- Aadhaar must be verified and linked to UAN, third- Bank account with correct IFSC should be linked to UAN.
